First Class Community Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 420214790 ✦ West des moines, IA ✦ Designated as a 501(c)(14)

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Overview

What is First Class Community Credit Union?

First Class Community Credit Union is a locally-rooted financial institution, headquartered in West Des Moines, Iowa. This state-chartered credit union is overseen by Zac Pollock, providing essential financial services to its esteemed members. As a credit union, it operates under a unique structure that prioritizes its members' interests above profit. The credit union's mission is to cater to the financial needs of its members, offering a broad range of services to support their financial well-being.


Official website here: www.gofirstclass.org

Is First Class Community Credit Union legitimate?

First Class Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. First Class Community Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $245,977
Professional Fundraising Fees: $0
Other Salaries and Wages: $584,112

For more financial information, click here


Official website here: www.gofirstclass.org

What is the mission statement of First Class Community Credit Union?

First Class Community Credit Union, as a state-chartered entity, serves its members by providing financial services. Its mission is to offer a range of financial solutions, promoting financial well-being and empowerment to its members. The credit union does not disclose specific details about its mission beyond being committed to its members' financial needs. It operates independently and is dedicated to providing financial services in a responsible and member-focused manner.


Official website here: www.gofirstclass.org

Who is the CEO of First Class Community Credit Union?

Zac Pollock is the Ceo of First Class Community Credit Union. The CEO's salary of First Class Community Credit Union is $203,738 and their total compensation is $245,977.


Official website here: www.gofirstclass.org

What is the revenue of First Class Community Credit Union?

First Class Community Credit Union's revenue in 2022 was $4,390,414.


Official website here: www.gofirstclass.org

Who are the executives of First Class Community Credit Union and what are their salaries?

The average compensation at First Class Community Credit Union during 2022 was $27,670. There are 30 employees and 11 volunteers at First Class Community Credit Union.


Here are 12 key members and their salaries (First Class Community Credit Union's CEO's salary is $203,738 and their total compensation is $245,977):


Zac Pollock (Ceo)
  • Compensation: $203,738
  • Related: $0
  • Other: $42,239
Kathleen Sukup (Executive Vi)
  • Compensation: $117,943
  • Related: $0
  • Other: $14,204
Lance Coles (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Cowling (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Doster (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ruth Downey (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Gearhart (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Jacobson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Moore (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Olson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Pelham (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Swanson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.gofirstclass.org

Where can I find the form 990 for First Class Community Credit Union?

First Class Community Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.gofirstclass.org

Learn more at the official website: www.gofirstclass.org

Mission Statement of First Class Community Credit Union

First Class Community Credit Union, led by Zac Pollock, operates as a state-chartered credit union. Its primary mission is to provide financial services to its members, acting as a reliable and accessible financial resource within the community. This credit union, located in West Des Moines, Iowa, is dedicated to serving its members by offering various financial services, demonstrating its commitment to fostering financial well-being and empowerment among its members.

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Impact




October, 2024

First Class Community Credit Union significantly impacts its members and the local community through accessible financial services tailored to their needs. Located in West Des Moines, IA, this state-chartered credit union operates under the leadership of Zac Pollock, focusing on creating beneficial financial solutions for its members. By offering a range of services, from savings and checking accounts to loans, it empowers individuals to achieve their financial goals.

Moreover, First Class Community Credit Union plays a role in fostering community engagement and development, contributing to the overall economic well-being of the West Des Moines area. Its commitment to public benefit reflects not only in the services offered but also in its dedication to enhancing the financial literacy and stability of its members. Ultimately, its presence helps build a more financially inclusive environment, strengthening the community it serves.




This information is meant to be a general summary of First Class Community Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$4,390,414 (2022)
201120122013201420152016201720182019202020212022$0$1.5M$3M$4.5M$6M
Expenses
$4,029,698 (2022)
201120122013201420152016201720182019202020212022$0$1.5M$3M$4.5M$6M
Efficiency
2011201220132014201520162017201820192020202120220%5%10%15%20%25%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $583,837
  • Program Service Revenue: $3,806,577
  • Gross Receipts: $4,390,414

Assets and Liabilities:

  • Total Assets: $99,378,905
  • Total Liabilities: $94,816,181
  • Net Assets: $4,562,724

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$2,014,411

MISCELLANEOUS INCOME

Revenue

$1,020,335

FEE INCOME

Revenue

$771,831

Organization Details

Founding Year

1925

Principal Officer

Zac Pollock

Main Address

2051 WESTOWN PARKWAY, WEST DES MOINES, IA, 50265

NTEE Category

Code: W60 - Public benefit

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